Top Mortgage Lenders in the La Grande, OR area

Which mortgage lender in the La Grande, OR area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the La Grande, OR area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the La Grande, OR area is Banner Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.09%. This means that Banner Bank provided a -0.09% lower interest rate for its customers than other lenders in La Grande, OR for a similar set of borrowers. Banner Bank has a market share of 9.8%. On the other hand, the most popular lender in the market is Guild Mortgage Company, with a market share of 19.9%. Guild Mortgage Company is an average rate lender in this area, with a “Rate Difference” of +0.07% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the La Grande, OR area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, the cheapest lender for Conventional mortgages in La Grande, OR is Banner Bank. If you want to take out a loan that is above conforming limits (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is Us Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Banner Bank. The cheapest VA mortgage provider is also Banner Bank. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Banner Bank 1, -0.09% 9.81%
Mann Mortgage 2, -0.02% 14.83%
Us Bank 3, -0.02% 9.33%
Fairway Independent Mort Corp 4, -0.02% 18.42%
Quicken Loans 5, 0.01% 17.94%
Umpqua Bank 6, 0.03% 9.81%
Guild Mortgage Company 7, 0.07% 19.86%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Banner Bank 1, -0.08% 10.27%
Us Bank 2, -0.06% 4.56%
Mann Mortgage 3, -0.03% 18.63%
Fairway Independent Mort Corp 4, -0.02% 24.71%
Quicken Loans 5, -0.01% 7.22%
Umpqua Bank 6, 0.03% 9.13%
Guild Mortgage Company 7, 0.08% 25.48%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Banner Bank 1, -0.10% 9.03%
Fairway Independent Mort Corp 2, -0.02% 7.74%
Mann Mortgage 3, -0.01% 8.39%
Us Bank 4, 0.00% 17.42%
Quicken Loans 5, 0.01% 36.13%
Umpqua Bank 6, 0.02% 10.97%
Guild Mortgage Company 7, 0.03% 10.32%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Banner Bank 1, -0.09% 11.69%
Mann Mortgage 2, -0.03% 12.99%
Fairway Independent Mort Corp 3, -0.02% 20.78%
Us Bank 4, -0.02% 11.04%
Quicken Loans 5, 0.01% 16.56%
Umpqua Bank 6, 0.04% 9.42%
Guild Mortgage Company 7, 0.09% 17.53%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Banner Bank 1, -0.09% 11.52%
Us Bank 2, -0.08% 4.71%
Mann Mortgage 3, -0.03% 17.28%
Fairway Independent Mort Corp 4, -0.02% 27.75%
Quicken Loans 5, -0.01% 7.33%
Umpqua Bank 6, 0.04% 7.85%
Guild Mortgage Company 7, 0.10% 23.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Banner Bank 1, -0.10% 11.97%
Fairway Independent Mort Corp 2, -0.02% 9.40%
Mann Mortgage 3, -0.01% 5.98%
Us Bank 4, 0.00% 21.37%
Quicken Loans 5, 0.01% 31.62%
Umpqua Bank 6, 0.03% 11.97%
Guild Mortgage Company 7, 0.06% 7.69%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Banner Bank 1, -0.06% 4.69%
Mann Mortgage 2, -0.04% 18.75%
Umpqua Bank 3, -0.01% 12.50%
Quicken Loans 4, -0.00% 23.44%
Fairway Independent Mort Corp 5, 0.01% 14.06%
Guild Mortgage Company 6, 0.04% 26.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Banner Bank 1, -0.06% 6.67%
Mann Mortgage 2, -0.04% 20.00%
Quicken Loans 3, -0.01% 4.44%
Umpqua Bank 4, -0.01% 13.33%
Fairway Independent Mort Corp 5, 0.00% 20.00%
Guild Mortgage Company 6, 0.04% 35.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guild Mortgage Company 1, -0.02% 5.26%
Mann Mortgage 2, -0.02% 15.79%
Umpqua Bank 3, -0.01% 10.53%
Quicken Loans 4, 0.01% 68.42%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Banner Bank 1, -0.02% 4.55%
Us Bank 2, -0.01% 6.82%
Fairway Independent Mort Corp 3, -0.01% 9.09%
Mann Mortgage 4, -0.01% 22.73%
Umpqua Bank 5, -0.01% 9.09%
Guild Mortgage Company 6, -0.00% 27.27%
Quicken Loans 7, 0.03% 20.45%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Banner Bank 1, -0.02% 7.69%
Us Bank 2, -0.01% 7.69%
Fairway Independent Mort Corp 3, -0.01% 11.54%
Umpqua Bank 4, -0.00% 11.54%
Mann Mortgage 5, 0.00% 26.92%
Quicken Loans 6, 0.01% 11.54%
Guild Mortgage Company 7, 0.01% 23.08%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Mann Mortgage 1, -0.02% 16.67%
Guild Mortgage Company 2, -0.02% 33.33%
Fairway Independent Mort Corp 3, -0.02% 5.56%
Us Bank 4, -0.01% 5.56%
Umpqua Bank 5, -0.01% 5.56%
Quicken Loans 6, 0.04% 33.33%

* Data is compiled for the La Grande, OR commuting zone area, which comprises of counties of Baker County, OR, and Union County, OR. This includes cities/towns/communities of La Grande, OR as well as Baker City, OR, Union, OR, Cove, OR, Elgin, OR, Haines, OR, and Halfway, OR. Lenders must have made at least 30 loans in the area to be included. Source for the data comes from Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate based on the MSA, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

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